Lenskart’s IPO Plans and TCS’s Pay Hikes with MSN
Lenskart’s IPO Plans
Lenskart, a popular online eyewear retailer, has revealed its plans to go public with an initial public offering (IPO) in the coming months. The company, which has a strong presence in India and other nations, aims to raise around $500 million through the IPO. The IPO is expected to be a major fundraising opportunity for the company, which has been aggressively expanding its presence in the e-commerce space. Lenskart has already filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), paving the way for a formal IPO. The company’s IPO is expected to be a major exit opportunity for its early investors, including its parent company, EssilorLuxottica, a leading eyewear company worldwide.
Pay Hikes at TCS
Tata Consultancy Services (TCS), a leading Indian IT services company, has announced a pay hike for its employees. The company has decided to increase the basic salaries of its employees by up to 20%, effective from January 1, 2023. This move comes as part of TCS’s efforts to retain top talent in the competitive IT industry. The pay hike will apply to all employees, including those in India and other countries, depending on their roles and performance. The hike is expected to boost the morale of the employees, who have played a crucial role in the company’s success. TCS, a subsidiary of the Indian conglomerate Tata Group, is one of the largest IT companies in the world, with operations in over 45 countries.
What is MSN?
MSN, short for Microsoft Network, is a popular web portal and search engine developed by Microsoft. MSN provides users with a range of online services, including news, email, search, and entertainment content. MSN was launched in the late 1990s as a response to the growing popularity of the internet and has since become one of the most widely used online services in the world. MSN’s offerings include MSN News, MSN Weather, and MSN Sports, among others. Microsoft has continued to update and revamp MSN, integrating it with its other popular services, including Bing search and Office 365.